Invesco High Income 2023 Target Term Fund (NYSE:IHIT) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totalling 1,400 shares, a decline of 77.4% from the September 15th total of 6,200 shares. Based on an average trading volume of 37,900 shares, the short-interest ratio is currently 0.0 days.
Invesco High Income 2023 Target Term Fund stock traded up $0.02 during midday trading on Thursday, hitting $9.91. 18,940 shares of the company were exchanged, compared to its average volume of 56,695. The company’s fifty day moving average price is $9.80 and its 200-day moving average price is $9.67. Invesco High Income 2023 Target Term Fund has a fifty-two week low of $7.54 and a fifty-two week high of $10.05.
The business also recently disclosed a monthly dividend, which will be paid on Friday, October 29th. Investors of record on Thursday, October 14th will be paid a dividend of $0.044 per share. The ex-dividend date of this dividend is Wednesday, October 13th. This represents a $0.53 dividend on an annualized basis and a yield of 5.33%.
About Invesco High Income 2023 Target Term Fund
Invesco High Income 2023 Target Term Fund is a closed ended fixed income mutual fund launched and managed by Invesco Advisers, Inc The fund invests in fixed income markets of the United States. It also invests in real estate debt securities including commercial mortgage-backed securities. The fund employs fundamental analysis with bottom-up approach to create its portfolio.
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